Yum Offers to Buy All Stock in China’s Little Sheep Chain

Yum! Brands Inc., owner of the KFC and Pizza Hut fast-food chains, will seek to buy all outstanding shares in hotpot-restaurant operator Little Sheep Group Ltd. to further expand in China.

Yum may bid for all shares that it doesn’t already own or are held by parties acting in concert with it, according to separate releases from Yum! and Little Sheep yesterday. No formal offer has yet been made, Yum said in a statement.